The pace at which developments are taking place at the intersection of AI and crypto seems to be ramping up with each passing day.
Background
- Coinbase has unveiled a new tool called 'Based Agent'
- This tool will allow crypto users to set up their own AI agent with a crypto wallet
- Typically, the Based Agent is a template that authorizes users to build AI agents
- The bot has access to a bunch of smart contract functions
- Interestingly, the template was built with Coinbase’s software development kit along with the help of OpenAI and software creation platform Replit
Why should you pay attention?
- The whole setup process has been simplified for users
- The icing on the cake: It can all be done in under three minutes
- Once created, the agent can handle a host of on-chain tasks
- Right from trading and swapping to staking and registering its own Base name — the agent can have its feet in multiple boats at the same time
Who said what?
- Chalking out the essence of the ‘Based Agent,’ Coinbase developer Lincoln Mur said,
“Our goal here is to make it as easy as possible to start building your own AI agent”
- He also emphasized that users can start adding whatever functionality they want to the agents that they create
Zooming out
- Users will need an API key from Coinbase’s developer program to get started
- Parallelly, they will also require a key from OpenAI and will have to fork the Replit template
In other related news
- Base recently scripted a new record pertaining to stablecoin transfer volume
- The figure registered by the platform was higher than all other blockchains — a record created for the first time since its launch
